Quote:
Originally Posted by Jimmy Stang
So my current term is up in May, and CIBC told me that I can renegotiate in January as it will be 4 months/120 days in advance. Do you know if this renegotiation period would allow me to change lenders without penalty also, or is this their way of getting me to commit with them before I can hit the open market?
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They don't want you to hit open market.